Media headlines about Iridium Communications (NASDAQ:IRDM) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Iridium Communications earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.7144000039976 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have weighed in on IRDM. Zacks Investment Research upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, July 31st. BidaskClub upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, TheStreet cut shares of Iridium Communications from a “b” rating to a “c+” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $12.00.

Iridium Communications (IRDM) opened at 10.80 on Thursday. The firm has a market capitalization of $1.05 billion, a PE ratio of 11.55 and a beta of 1.69. Iridium Communications has a 12 month low of $6.80 and a 12 month high of $11.57. The stock has a 50 day moving average of $10.45 and a 200 day moving average of $10.07.

Iridium Communications (NASDAQ:IRDM) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Iridium Communications had a return on equity of 8.68% and a net margin of 27.14%. The business had revenue of $111.60 million during the quarter, compared to the consensus estimate of $109.18 million. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Iridium Communications will post $0.80 earnings per share for the current fiscal year.

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About Iridium Communications

Iridium Communications Inc is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure.

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